HGTV Dream Home 2016 Giveaway
Grand Prize: One (1) Grand Prize Winner shall win the Grand Prize, which consists of:
(i) the home located in Merritt Island, Florida (the “HGTV Dream Home 2016”) that is featured in the “HGTV Dream Home 2016” special (including home furnishings, fixtures, artwork, and merchandise) (approximate retail value (“ARV”): $1,389,201;
(ii) Two Hundred and Fifty Thousand Dollars ($250,000) (awarded in the form of electronic funds transfer) courtesy of Quicken Loans (the “Cash Prize”);
(iii) a 2016 GMC Acadia Denali automobile (MSRP: $53,805) (the “GMC Prize”);
(iv) a 2016 Bryant Sperenza model boat (MSRP: $57,750) (the “Boat”).
In lieu of taking title to the HGTV Dream Home 2016 (and the contents of the HGTV Dream Home 2016), the Grand Prize Winner will have the option of receiving $900,000 in cash in lieu of the HGTV Dream Home 2016 (the “Cash Option”). If Grand Prize Winner elects to take the Cash Option, the Grand Prize winner will still receive the Cash Prize, the GMC Prize, and the Boat.